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December 19, 2012
10:26 EDTBA, BAESY, LLL, FLIR, COL, LMT, RTN, GD, LMIA, NOCLegislators reach deal on defense budget, Defense News reports
House and Senate negotiators hammered out a compromise 2013 defense budget deal, which would authorize the Pentagon to spend $631B next year, about in-line with the Obama administration's request, Defense News reported last night. The legislation authorizes long-term contracts for several programs, including CH-47 helicopters and the V-22 Osprey aircraft, both of which are made by Boeing (BA). The House and Senate are expected to vote on the bill soon, the website added. Reference Link
News For LLL;LMIA;LMT;BAESY;GD;COL;BA;RTN;FLIR;NOC From The Last 14 Days
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May 22, 2013
08:43 EDTBABoeing sees $6.9T commercial airplane market opportunity over 20 years
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08:38 EDTBABoeing affirms view of FY13 core EPS $6.10-$6.30, consensus $6.48
Repeats forecast for FY13 revenue $82B-$85B, consensus $83.86B. Says focused on additional 737 and 787 rate breaks, with expectations for rate increases to drive financial performance. Information from slides for Annual Investor Conference.
07:39 EDTBAWolfe Trahan to host a conference
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07:32 EDTRTNRaytheon receives Defense Acquisition board approval for Missile-6 production
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May 21, 2013
14:26 EDTBABoeing volatility low into investor day
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10:33 EDTBABoeing confirms completion of 747-8 test flight
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09:06 EDTLLLL-3 Communications awarded $38.5M contract for SATCOM terminals
L-3 Communications announced that it has been awarded a $38.5M contract from the Commonwealth of Australia to supply 51 Hawkeye III Lite 1.2-meter Very Small Aperture Terminals, as well as training and long-term sustainment services. Specifically, the contract will deliver one type of a family of transportable land terminals that will optimize the early use of Australia’s SATCOM system and provide communication services where commercial satellite resources are limited. The capability is scheduled for delivery in 2014.
07:09 EDTBABoeing's Dreamliner returns to service in U.S. ,NY Times reportd
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May 20, 2013
17:14 EDTLMTLockheed Martin awarded $29.73M government contract modification
Lockheed Martin was awarded a sole-source, cost-plus-incentive-fee/cost-plus-award-fee contract modification. The value of this contract modification is $29.73M, increasing the total contract value from $1.41B to $1.44B. Under this modification, the contractor shall provide system engineering and program management services in accordance with established Aegis system engineering practices for the post certification support of Aegis Ballistic Missile Defense baselines 4.0.X, 5.0 and 5.0 capability upgrade. Work is expected to be completed Dec. 31, 2014.
17:10 EDTLMTLockheed Martin awarded $111.51M U.S. Navy contract
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17:09 EDTNOCNorthrop Grumman awarded $113.72M U.S. Navy contract
Northrop Grumman is being awarded an $113.72M advance acquisition contract with fixed-price line items for long lead materials and related support for the Full Rate Production of five E-2D Advanced Hawkeye Lot 2 aircraft. Work is expected to be completed in March 2014.
11:25 EDTBABoeing volatility at low end of historic range as shares at record high
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10:11 EDTNOCOn The Fly: Analyst Upgrade Summary
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08:31 EDTRTNRaytheon awarded contract by U.S. Air Force to build ATC systems
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07:21 EDTNOCNorthrop Grumman upgraded to Buy from Hold at Drexel Hamilton
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07:20 EDTBABoeing price target raised to $105 from $98 at JPMorgan
JPMorgan raised its price target for Boeing citing expectations for higher 787 profitability and keeps an Overweight rating on the stock.
07:16 EDTBABoeing price target raised to $115 from $100 at Stifel
Stifel increased its price target on Boeing, citing several factors including resumption of 787 deliveries and production work on 787-9, improved margins, and better than expected results from its defense business. The firm keeps a Buy rating on the stock.
06:28 EDTNOCNorthrop Grumman upgraded to Fair Value from Sell at CRT Capital
05:46 EDTBABoeing look to improve more Dreamliner systems, WSJ reports
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May 17, 2013
16:21 EDTNOCOn The Fly: Closing Wrap
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